Hong Kong's Bitcoin, Ethereum ETFs See $39 Million in Outflows

May 14, 2024

The spot Bitcoin and Ethereum exchange-traded funds (ETFs) listed in Hong Kong experienced significant outflows on Monday, following Bitcoin's drop below $61,000. The combined outflows for Bitcoin ETFs reached $32.7 million, while Ethereum ETFs saw $6.6 million in outflows. Despite initial excitement, the Asia-based ETFs have seen comparatively meager results compared to their U.S.-listed counterparts.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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